Doors market – usd 140 billion revenue by 2024

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Doors Market USD 140 Billion revenue by 2024
Fractovia.org
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Key Insights of Doors Market

• The growing deployment of building regulations to
  maintain standards for construction, design, and
  renovation of buildings will stimulate doors
  market. Speaking of which, the regional
  governments of various European countries have
  enforced stringent norms to maintain security and
  safety standards in all buildings. In the UK for
  instance, if the installation of doors, windows,
  and other components does not comply with the set
  regulations, then the owner and building
  developer are both liable to face legal
  prosecution. In order to avoid the same,
  consumers and building developers have been
  complying with the set norms while developing
  residential and commercial infrastructure
  projects, which would considerably drive doors
  market share.
• Several regulatory bodies and governments across
  the globe have been enforcing various legislative
  norms for consumer safety. The OSHA (Occupational
  Safety and Health Administration), for instance,
  has compiled a set of regulations that companies
  must follow to ensure the safety of employees
  during natural disasters, fires, and terrorism.
  OSHA has also mandated the use of exit doors for
  vacating the building quickly during emergencies.
  In order to comply with these norms, most of the
  commercial builders and industry developers have
  been incorporating fire and exit doors, which
  will prove to be a lucrative growth avenue for
  doors industry. In addition, OSHA has compiled a
  rating scale for fire doors, depending on the
  number of occupants and floors in the building,
  which would further impel doors industry
  landscape in the forthcoming years.

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Continued

• In order to manufacture the products in
  accordance with regulatory norms, the giants in
  doors market are increasingly focusing on the
  development of innovative and advanced products
  such as alarm operated automatic sliding doors.
  As per the estimates, sliding doors market will
  register an annual growth rate of more than 4.5
  over the coming years, owing to the growing
  product installation in commercial and
  residential sectors, pertaining to their
  characteristics such as light weight, sound
  proofing, ease of installation, air tight
  insulation, and slimline design. Speaking along
  similar lines, the renowned players in doors
  market are Lixil Group, Andersen Corporation,
  Gilgen, Schüco, JELD-WEN Holding, Inc., YKK,
  Entrematic Group, Pella, Marvin, Stanley Access
  Technologies, and Masco.
• Recently, the research team of Bircher Reglomat
  made it to the headlines for having brought forth
  an advanced door technology a radio transmitter
  assisted door, which may help to avoid the
  possibility of accidents in the industrial
  working environment. In this kind of radio
  transmission system, when a door opens, the
  transmitter transmits the signal through the
  receiver control, instantly stopping the door,
  which would perpetually provide comprehensive
  risk protection for all employees. On these
  grounds, companies have been increasingly giving
  preference to the automated doors, which will
  fuel overall doors industry share over the years
  ahead.

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U.S. Doors Market Size, By Material, 2016 2024
(Million Units)

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Continued.

• The France doors market is witness to the
  Standard EN 16005 that was deployed in 2013, with
  the inclusion of the clause of manufacturing and
  designing of automatic doors. With reference to
  this standard, Softica, one of renowned French
  automatic door designers and manufacturers has
  been designing, manufacturing, and installing
  various types of automatic doors across the
  nation. Focusing on the legislative norms and
  consumer preferences, this France based door
  manufacturer has implemented technologically
  advanced features in the doors such as an
  emergency door opening system incorporated with
  battery-operated, manual, and shock cord trigger
  system. These shifting trends toward the usage of
  reliable and user-friendly door systems is likely
  to stimulate doors market size.
• Apart from France, across some of the European
  countries such as Switzerland and UK, the
  government has mandated the installation of fire
  resistant doors. Pertaining to the appropriate
  need of fire doors in various commercial
  structures, in addition to the fact that fire
  doors play a significant role in the fire safety
  and fortification of buildings, building
  developers across the Europe are increasingly
  installing fire doors in new as well as existing
  buildings.

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Continued.

• One of emerging trends across doors industry is
  the launch of energy efficient doors, which most
  governmental bodies have been mandating of late,
  to be used in residential sectors. Taking into
  account the positive impact of energy efficient
  doors, the consumers are increasingly demanding
  the installation of these doors in building and
  interior designs, which is slated influence doors
  industry trends.
• The robust growth in the industrial as well as
  commercial sector is one of the driving forces of
  doors market. Pertaining to the deployment of
  strict governmental norms and innovative
  infrastructural developments across various
  countries such as UAE, China, US, and Mexico, the
  demand for doors is certain to observe a massive
  surge. Global Market Insights, Inc, estimates
  worldwide doors market to surpass a revenue
  collection of USD 140 billion by the end of 2024.
  

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